Tuesday, 17 Nov 2009 | Source: The Associated Press
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group’s trading partners last year, according to a government report made public on Monday.
The period of seasonal weakness is over, the correction was less than expected, and the underlying trend is ‘jolly strong’ heading into six months of growth, Robin Griffiths, strategist at Cazenove Capital, told CNBC Monday.
Global stocks gained Monday as gold hit a fresh new record above $1,130 an ounce. Experts told CNBC the energy sector face a malaise in the short-to-medium term, but Asia still holds a lot of investment potential.
Global stocks were mixed Friday as the dollar eased from gains made the previous day. Experts told CNBC investors with a longer-term time horizon should stay fully invested.
General Motors reaffirmed on Friday it wants state aid to help overhaul European arm Opel after a newspaper quoted GM's chairman as saying the U.S. carmaker will not ask German taxpayers for help.
President Barack Obama has promised to broach the yuan's exchange rate when he visits China from Nov. 15-18, putting the spotlight on a controversial issue that has the potential to shake currency markets and diplomatic ties.
Global stocks were mixed Thursday as gold hit a new higher above $1,120. Experts told CNBC that stocks in the U.S., Europe and China still look attractive.
Global stocks rose on Wednesday, with sentiment lifted by upbeat economic data out of China. Experts told CNBC investors should forget about currencies and fixed income and rather focus on benefiting from asset-price inflation by getting into real assets.
The S&P 500 index must hit the October high to avoid a 10 percent correction, and if the market does correct, the VIX volatility index could fall below 20 percent, Chris Zwermann from Zwermann Financial told CNBC Wednesday.
Wednesday, 11 Nov 2009 | Source: The Associated Press
Just one in twenty Americans say they plan to buy a home within the next year, and they're most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday.
Wednesday, 11 Nov 2009 | Source: The Associated Press
Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a U.S. economy struggling to rebound from recession, World Bank President Robert Zoellick said Wednesday.
Smart investments lie in those companies that are boosting market share, creating healthy balance sheets, and taking advantage of price leadership, according to Javelin Wealth Management CEO Stephen Davies.